👹 AAAUGGGHHHUAGGA GOBLINTOWN
Kanye in the house, Snoop's Bored Ape restaurant, Department of Justice sues Nate 👩🏻⚖️
How have you been? Is this bear market treating you right? I feel a bit paralyzed right now, I want to get more ETH and take advantage of lower NFT prices, but at the same time, we really don’t know what the macro situation will look like and how that will continue to affect the crypto market.
At least we have goblins. AAAAUGGGGHHHHUUAGGA
I had so much fun in these Twitter Spaces, you have no idea. If you haven’t joined a Spaces with goblin presence, please do so.
Come join our conversation about these news today at our Twitter Spaces with Rarible.
San Francisco is getting its first NFT restaurant and membership-based club on top of the rooftop of Salesforce Transit Center. It will be a high-end Japanese restaurant called SHŌ.
Another name opening a restaurant is Snoop Dogg! Snoop Dogg and Food Fighters Universe (names behind the Bored & Hungry burger restaurant) are opening Dr. Bombay’s Sweet Exploration, a dessert restaurant in LA, based on Snoop’s Bored Ape.
Warner Bros. is working on an NFT project for the Looney Tunes brand.
Crypto Coven is minting its Coven Cats expansion collection. The art is really not my cup of tea but here you go.
Goblintown continues to be the winner of the bear market due to the perfect narrative it caught during bear market, with the collection floor price reaching almost 9 ETH last week.
Snoop Dogg’s son Champ Medici is working on doing a drop on Cardano.
Book your hotel room as NFTs. A hotel in the Dominican Republic is creating NFTs associated with hotel rooms and calling them Room-Night Tokens (RNT). Guests can buy RNTs from Pinktada website to reserve rooms in the Caribbean, Mexico, San Francisco, and Hawaii.
Bored Ape Discord got hacked again, causing 200 ETH worth of NFTs to be stolen. One of the founders isn’t taking it anymore.
Claire Silver launched Guild for the Arts.
Jim Carrey bought his first NFT on SuperRare.
Bryan Brinkman signed with CAA.
Avastars are going 3D.
🔮 Metaverse News
BYOVerse is being built on Unreal Engine.
Decentraland is holding Pride events during the month of June.
The Sandbox distributed 5 million $mSAND tokens to LAND holders.
Meta is doubling down on its metaverse initiative by changing the company’s stock ticker from FB to META.
There is an ApeCoin proposal asking if the ecosystem should stay on Ethereum. So far, the community is saying yes.
Mariah Carey enters the NFT space, where holders will get a chance to meet the queen of Christmas herself.
Binance is sponsoring The Weeknd’s upcoming world tour, with the partnership featuring various NFT initiatives.
👾 NFT Games
The video game studio by Dr. Disrespect, Midnight Society, announced a collaboration with Polygon Studios to build a trading platform for in-game items.
The Lokals is the first NFT collection that will fully live in an animated film.
Co-founded by Ice Cube, the BIG3 pro basketball league has done a mint and is offering team ownership stakes via NFTs. They will have a second mint on June 10, with rebranded NFTs and offering additional benefits to owners.
🔥 What else is hot?
Gem rolled out a Smart Collection Search feature.
Hyype added ENS domains support.
Crypto exchange Gemini laid off 10% of its staff in preparation for crypto winter.
Japan’s Parliament has passed a new law that creates a regulatory framework for stablecoins, defining them as digital money, and protecting crypto investors.
The New York State Senate approved a bill that would create a 2-year moratorium on Bitcoin mining. Governor Hochul has 10 days to choose her side and either sign or veto it.
Binance Labs announced a $500 million Web3 investment fund.
Kanye West’s Mascotte Holdings filed 17 trademark applications mentioning NFTs and metaverse experiences around the his brand.
Solana blockchain was down for 4 hours on June 1st.
Department of Justice charged Nate Chastain, the former OpenSea executive who used insider information to buy and sell NFTs, for using confidential business information, insider trading scheme, wire fraud, and money laundering.
The ‘LinkedIn for DAOs,’ Dework announced raising $5 million in its seed round.
Ukrainian group Kalush Orchestra auctioned off their Eurovision trophy for 500 ETH to raise money for the war efforts.
46,000 people have lost over a combined $1 billion in crypto-related scams since the beginning of 2021, according to the Federal Trade Commission, with 70% of stolen crypto being Bitcoin.
Elon and Dogecoin creator Palmer exchanged some words on Twitter this week:
📖 Reading List
“The Purpose of Guilds” by Samantha Marin
“Illegible Enterprises: DAOs, Unwrapped” by Mike Wawszczak
“Summer 2022: NFT Winter?” by Lisa Xu
“NFTs and the Risk of Perpetual Colonialism” by Luke Hespanhol
“Designing Token Economies” by Packy McCormick
Tell me what you’re working on in the discussion thread! I’ll make sure to check it out, and you might get a feature in the next NFTimes edition!
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Disclaimer: Investing in NFTs comes with inherent risk including technical risk, human error, platform failure and more. This newsletter is strictly educational and nothing we offer is financial advice. We are not professionals or licensed advisors. Views my own and not any other company I’m affiliated with.